AI Daily: Nvidia slips on report of Meta considering Google TPU chips

Catch up on the top artificial intelligence news and commentary by Wall Street analysts on publicly traded companies in the space with this daily recap compiled by The Fly:

GOOGLE AI CHIPS: Google (GOOGL) is picking up the pace of its efforts to compete directly with Nvidia (NVDA) for use of its AI-use semiconductors, The Information’s Amir Efrati, Erin Woo and Anissa Gardizy report. The company has previously rented out its tensor processing units, or TPUs, to cloud consumers, but now the company has started pitching Meta Platforms (META) and large financial institutions on the use of these chips in their own data centers, the report states. The report further notes that Meta is currently in talks with Google about spending billions of dollars to use TPUs in its data centers as soon as 2027.

Mizuho raised the firm’s price target on Outperform-rated Lumentum (LITE) to $325 from $290, arguing that Google’s TPU ramps are positive for the former’s optical compute switch. After The Information reported last night that Meta potentially could use Google TPUs, the firm also said a move to TPUs is positive for Broadcom (AVGO) and could be “a modest challenge” for GPU suppliers such as Nvidia and AMD (AMD). Micron (MU) continues to see HBM ramp and recent spot prices continue to be strong, potentially driving upside to February quarter guidance, added the analyst in the note on AI Tensor Processing Units.

SHOPPING RESEARCH: OpenAI introduced shopping research, a new experience in ChatGPT that “does the research for you to help you find the right products.” Instead of sifting through dozens of sites, users can just describe what they’re looking for and shopping research builds a thoughtful guide to help you decide. It asks smart clarifying questions, researches deeply across the internet, reviews quality sources, and builds on ChatGPT’s understanding of you from past conversations and your ChatGPT memory to deliver a personalized buyer’s guide in minutes, the company said. Shopping research is starting to roll out today on mobile and web for logged-in ChatGPT users on Free, Go, Plus, and Pro plans. To help with holiday shopping, OpenAI is making nearly unlimited usage available to all plans through the holidays.

CLAUDE OPUS 4.5: Anthropic said that its newest model, Claude Opus 4.5, is available today. “It’s intelligent, efficient, and the best model in the world for coding, agents, and computer use. It’s also meaningfully better at everyday tasks like deep research and working with slides and spreadsheets. Opus 4.5 is a step forward in what AI systems can do, and a preview of larger changes to how work gets done,” the company added. “Opus 4.5 is available today on our apps, our API, and on all three major cloud platforms.” Pricing is now $5/$25 per million tokens. Alongside Opus, Anthropic is releasing updates to the Claude Developer Platform, Claude Code, and its consumer apps. There are new tools for longer-running agents and new ways to use Claude in Excel, Chrome, and on desktop.

FUNDRAISING: Revolut has announced the completion of a share sale, valuing the company at $75B. The transaction was led by Coatue, Greenoaks, Dragoneer, Fidelity Management & Research Company, with participation from a broad group of investors including Andreessen Horowitz, Franklin Templeton, and T. Rowe Price Associates. This sale also included investment from NVentures — Nvidia’s venture capital arm, deepening Revolut’s collaboration with the global technology leader in key areas including AI. Current employees were given the opportunity to sell as part of this transaction. Revolut has now enabled five share sales for its employees to date, a testament to its long-standing commitment to sharing success by running one of the most liquid employee share programmes across private companies in the industry.

NEW DATA CENTER CAMPUSES: Amazon (AMZN) announced plans to invest an estimated $15B in Northern Indiana to build new data center campuses to support artificial intelligence and cloud computing technologies. This investment is additional to the $11B investment announced last year in St. Joseph County and will expand the company’s infrastructure to new sites across Indiana. This new project will add 2.4 gigawatts of data center capacity in the region. This investment is expected to create more than 1,100 new jobs while supporting thousands of other jobs in the data center supply chain. “Indiana has long been an important partner for Amazon, and today we are proud to reaffirm our commitment to long-term investment and growth, underscoring our dedication to fueling AI innovation while generating meaningful economic impact throughout the state,” said David Zapolsky, Amazon’s chief global affairs and legal officer.